Crossrail Act 2008 (c. 18)

SCHEDULES

SCHEDULE 13 U.K. Transfer schemes: tax provisions

Part 2 U.K. Transfers etc between taxable public bodies

Continuity in relation to transfer of intangible assets U.K.

13 (1) For the purposes of [F1 Part 8 of CTA 2009]— U.K.

(a) a relevant transfer of a chargeable intangible asset of the transferor is to be treated as a tax-neutral transfer, and

(b) an intangible fixed asset which is an existing asset of the transferor at the time of a relevant transfer is to be treated, on and after the transfer, as an existing asset in the hands of the transferee.

(2) Expressions used in this paragraph and in that [F2 Part] have the same meanings in this paragraph as in that [F2 Part].

Textual Amendments

F1 Words in Sch. 13 para. 13(1) substituted (with effect in accordance with s. 1329(1) of the commencing Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 739(5)(a) (with Sch. 2 Pts. 1, 2)

F2 Word in Sch. 13 para. 13(2) substituted (with effect in accordance with s. 1329(1) of the commencing Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 739(5)(b) (with Sch. 2 Pts. 1, 2)